CAR ARCHIVED July 2016 | Page 9

Market Action Report

County: Cabarrus

July 2016

Cabarrus
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for July was 45, down 2.2% from 46
days last month and down 15.1% from 53 days in July of last
year. The July 2016 DOM was at its lowest level compared with
July of 2015 and 2014.

3 Mo Avg

100
90

77

80
70
60

53
45

50
40
30
20
10
0

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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The July 2016 Selling Price per Square Foot of $98 was down
80
0.7% from $99 last month and up 6.8% from 92 in July of last
75
year.
70
65
60
55
50

3 Mo Avg
98

92
86

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The July 2016 Selling Price vs Original List
Price of 96.7% was up from 96.3% last month and up from
95.8% in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%

96.7%
95.8%

93.5%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

771

756

769

766

720

733

600

683

871
748

981

939

964

959

969

926

960

956

917

903

996

906

1,084

1,019

1,160

1,121

1,222

1,192

1,193

1,176

1,132

1,175

1,101

800

1,115

1,000

1,260

1,200

1,222

1,400
1,259

This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in July 2016 was 400, down 2.4% from 410 last month and down
4.1% from 417 in July of last year.

400
200
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regional REALTOR Association, Triad MLS, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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